IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v9y2025i2p186-203.html
   My bibliography  Save this article

Adult Literacy and Capital Inflows in Nigeria: Investigating Institutional Quality Interaction Effect

Author

Listed:
  • Chidiogo J. Okpala

    (Department of Economics, Nnamdi Azikiwe University, Awka)

  • Ebele S. Nwokoye

    (Department of Economics, Nnamdi Azikiwe University, Awka)

  • Queen C. Okeke

    (Department of Economics, Nnamdi Azikiwe University, Awka)

Abstract

Nigeria has not been able to move to high human development category with its HDI between 2020 and 2023 still remaining at 0.539. This has put Nigeria in the low human development index category as the 158 out of 189 countries ranked for 2020 and the 163 out of 193 countries ranked for 2023. The study examined adult literacy and capital inflows: investigating institutional quality interaction effect with specific objectives that examined the impact of capital inflows on adult literacy in Nigeria and analysed the impact of the interaction of institutional quality and capital inflows on adult literacy in Nigeria using data set that covered the period 1990 – 2023. To achieve this auto regressive distributed lag (ARDL) method was employed. The study found that the selected capital flows have significant impact on adult literacy rate in Nigeria during the period under study and that an interaction effect exists between institutional quality and external debts, remittances, and not with foreign aids on adult literacy (human development) in Nigeria. It therefore concludes that though institutional frameworks are present and complements the effect of capital inflows in human development in Nigeria, institutional frameworks has not been effective enough in averting the possible negative influence of capital inflows on human development in Nigeria, focusing specifically on adult literacy. The study recommends strategic and intentional investment of capital inflows in order to improve adult literacy rate (human development) by the government among others.

Suggested Citation

  • Chidiogo J. Okpala & Ebele S. Nwokoye & Queen C. Okeke, 2025. "Adult Literacy and Capital Inflows in Nigeria: Investigating Institutional Quality Interaction Effect," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(2), pages 186-203, February.
    • Handle: RePEc:bcp:journl:v:9:y:2025:i:2:p:186-203
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-9-issue-2/186-203.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/adult-literacy-and-capital-inflows-in-nigeria-investigating-institutional-quality-interaction-effect/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Edward B. Barbier & Joanne C. Burgess, 2021. "Institutional Quality, Governance and Progress towards the SDGs," Sustainability, MDPI, vol. 13(21), pages 1-11, October.
    2. Simplice A. Asongu & Vanessa S. Tchamyou, 2019. "Foreign Aid, Education and Lifelong Learning in Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 126-146, March.
    3. Peter Nderitu Githaiga & Andrew Wenani Kilong’i, 2023. "Foreign capital flow, institutional quality and human capital development in sub-Saharan Africa," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(1), pages 2162689-216, December.
    4. Lawal Isola Adedoyin & Bibire Mabel Babalola & Adegbola O. Otekunri & Lawal Isola Adedoyin, 2016. "External Debt and Economic Growth: Evidence from Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(6), pages 179-194, DECEMBER.
    5. Gökmenoğlu, Korhan K. & Apinran, Martins Olugbenga & Taşpınar, Nigar, 2018. "Impact of Foreign Direct Investment on Human Development Index in Nigeria," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 9(1), pages 1-13, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vanessa S. Tchamyou & Samba Diop & Simplice A. Asongu & Joseph Nnanna, 2024. "African Women Vulnerability Index: Focus on Rural Women," Forum for Social Economics, Taylor & Francis Journals, vol. 53(3), pages 262-280, July.
    2. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Governance, capital flight and industrialisation in Africa," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-22, December.
    3. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Foreign Aid and Inclusive Development: Updated Evidence from Africa, 2005–2012," Social Science Quarterly, Southwestern Social Science Association, vol. 98(1), pages 282-298, March.
    4. Tudorache, Maria-Daniela, 2020. "Examining the Drivers of Human Development in European Union," EconStor Conference Papers 222443, ZBW - Leibniz Information Centre for Economics.
    5. Asongu, Simplice A. & Nnanna, Joseph & Acha-Anyi, Paul N., 2020. "Finance, inequality and inclusive education in Sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 162-177.
    6. Simplice Asongu & Rexon Nting, 2021. "The role of finance in inclusive human development in Africa revisited," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 38(2), pages 345-370, February.
    7. Luisa Marti & Roberto Cervelló‐Royo, 2023. "Disparities in sustainable development goals compliance and their association with country risk," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(4), pages 3038-3051, August.
    8. Flavia Massuga & Marcos Aurélio Larson & Marcos Roberto Kuhl & Sérgio Luis Dias Doliveira, 2024. "The influence of global governance on the sustainable performance of countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 28567-28589, November.
    9. Simplice A. Asongu & Jean R. F. K. Bouanza & Armand F. Akpa, 2024. "Governance and Structural Transformation in Africa: Thresholds of Lifelong Gender Inclusive Education," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 24/010, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    10. Asongu, Simplice A. & Bouanza, Jean R.F.K. & Agyemang-Mintah, Peter, 2024. "Globalization in lifelong gender inclusive education for structural transformation in Africa," Economic Systems, Elsevier, vol. 48(4).
    11. Ziqing Xie & Dickson K. W. Chiu & Kevin K. W. Ho, 2024. "The Role of Social Media as Aids for Accounting Education and Knowledge Sharing: Learning Effectiveness and Knowledge Management Perspectives in Mainland China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2628-2655, March.
    12. Ahmad Saad Gillani & Durdana Qaiser Gillani, 2023. "Sector Specific Aid Inflow, Institutional Quality and Human Development in Selected Developing Countries," Journal of Economic Impact, Science Impact Publishers, vol. 5(1), pages 64-68.
    13. Asongu, Simplice & Odhiambo, Nicholas, 2020. "The role of governance in quality education in sub-Saharan Africa," MPRA Paper 107497, University Library of Munich, Germany.
    14. Simplice A. Asongu & Joseph I. Uduji & Elda N. Okolo-Obasi, 2020. "Foreign aid volatility and lifelong learning," International Journal of Education Economics and Development, Inderscience Enterprises Ltd, vol. 11(4), pages 370-406.
    15. Simplice A. Asongu, 2021. "The Effects of Mobile Phone Technology, Knowledge Creation and Diffusion on Inclusive Human Development in Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1367-1398, September.
    16. Vanessa S. Tchamyou & Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "The Role of ICT in Modulating the Effect of Education and Lifelong Learning on Income Inequality and Economic Growth in Africa," African Development Review, African Development Bank, vol. 31(3), pages 261-274, September.
    17. Anil Markandya & Laura Cavalli & Arnab Bhattacharya & Gregmar Galinato & Luca Farnia, 2025. "Links between the sustainable development goals: An analysis for Italy," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 1068-1084, February.
    18. Njangang, Henri & Asongu, Simplice A. & Mouchili, Eric, 2024. "Does corruption starve Africa? The mitigating effect of political distribution of power," Journal of Policy Modeling, Elsevier, vol. 46(1), pages 171-197.
    19. Mamadou Asngar Thierry & Ongo Nkoa Bruno Emmanuel, 2023. "Does Financial Development Increase Education Level? Empirical Evidence from Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 3878-3903, December.
    20. Simplice A. Asongu & Samba Diop & Amsalu K. Addis, 2023. "Governance, Inequality and Inclusive Education in Sub-Saharan Africa," Forum for Social Economics, Taylor & Francis Journals, vol. 52(1), pages 43-68, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:9:y:2025:i:2:p:186-203. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.